HMRC Late Payment Interest Rates To Be Revised After Bank Of England Increases Base R

The Caithness Business Index has posted the following article:

HMRC Late Payment Interest Rates To Be Revised After Bank Of England Increases Base Rate

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HMRC interest rates for late payments will be revised following the Bank of England interest rate rise to 1.75%. The Bank of England Monetary Policy Committee voted on 4 August 2022 to increase the Bank of England base rate to 1.75% from 1.25%. [Read Full Article]